#加密市场反弹 Recently, it has been really tough, but finally I saw the green light. The so-called fearless of the market, in my understanding, refers to periodic layout, fixed monthly investment, or fixed weekly investment, rather than constantly thinking about small bets for big gains. In the financial world, small bets for big gains only apply to lottery tickets, haha. By the way, let me mention the three 'no's: no imitation, no high leverage, no cyclical fluctuations. Of course, if you are an advanced player, that's another story. (🧧 Comes with a value of 50U) $BTC {spot}(BTCUSDT)
Jack's Encrypted Diary Encyclopedia Hand in Hand Towards the Sun: May the world be at peace, free from disasters and difficulties, and may we all safeguard the tranquility of humanity!
Pakistan and the global digital currency company Binance signed a Memorandum of Understanding today, which will enable better management of government financial assets through modern technology.
The agreement was signed by Federal Finance Minister Senator Muhammad Aurangzeb and Binance's CEO Richard Teng, under which Pakistan and Binance will jointly review how some government assets, such as government bonds, treasury bills, and official reserves, can be presented in a more transparent and efficient manner using modern blockchain technology.
According to officials, the purpose of this project is to increase access to investment in the country and make the financial system more transparent.
Legal approval will be required for any final decision on advancing this project under the Memorandum of Understanding, as the value of these assets could reach up to two billion dollars.
Under this Memorandum of Understanding, Binance will provide Pakistan with technical assistance, training, and consultation so that the government can better understand this technology and assess its potential benefits.
Addressing the ceremony, Finance Minister Muhammad Aurangzeb said that this agreement is an important step in Pakistan's journey of economic reforms.
According to him, the government now wants rapid practical progress on this project.
Binance founder CZ described this agreement as welcome for Pakistan, stating that it could create new opportunities for the country's youth.
The Ministry of Finance has clarified that this is only an initial memorandum aimed at reviewing possibilities for cooperation. Negotiations for any final agreement will take place in the next six months, and Pakistan's laws will apply to it. #PakistanxBinance 🤝
BitConnect's lending and mining Ponzi scheme is one of the most representative major scams in the cryptocurrency world, with the amount involved reaching $2.4 billion, described by the U.S. Department of Justice as a 'textbook' Ponzi scheme.
The platform was launched in February 2016, founded by Indian citizen Satish Kumbhani, and its core scam was the 'lending and mining' project. The platform falsely claimed to have exclusive trading bots and volatility software that could generate high profits from trading in the cryptocurrency market, promising investors that lending virtual currency would yield daily 1% and nearly 40% monthly compound returns. Additionally, it expanded through a multi-level referral reward system and engaged several KOLs for intensive promotion on platforms like YouTube, with some promoters earning over $2.6 million from referral commissions; some even claimed at promotional events that the token price would rise to $1,000.
In reality, the platform had no profitable trading business; the so-called returns were entirely dependent on funds from new investors being paid to old investors. Investors needed to first exchange Bitcoin for the platform's issued BCC tokens before lending, and the platform also artificially manipulated BCC prices to create hype. In December 2017, the price of BCC soared to $463, reaching a historical high, and its market cap even entered the top 20 in the cryptocurrency space, attracting a large number of global investors.
Ethereum's founder publicly pointed out long ago that it was a Ponzi scheme. In January 2018, regulators in Texas and North Carolina issued shutdown orders, and the platform promptly announced the closure of its exchange and the suspension of lending operations. The price of BCC instantly collapsed, falling to $5.92 by the end of the month, and the platform's so-called plan to repay loans using tokens at an exchange rate of $363.62 became meaningless as the token's market value dropped below $10.
U.S. courts froze the platform's assets and launched an investigation; core promoter Glenn Arcaro was sentenced to 38 months in prison after pleading guilty and was ordered to pay over $17.64 million in restitution to victims; five core promoters were sued by the U.S. SEC for illegally selling unregistered digital asset securities. An Australian promoter was convicted for providing unlicensed financial advice, and founder Kumbhani has been on the run since being indicted, with judicial authorities in multiple countries still pursuing relevant parties.
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🎁 5000 GIFTS JUST DROPPED! Square fam, this one’s for YOU ❤️ Follow + Comment right now and grab your Red Pocket 🔥 Miss it and you’ll regret it 👀 Let’s go 🚀
May the world be free from disasters and difficulties, and may there be world peace! Wishing my friends who pay attention to me a lifetime of safety and smoothness! Answer energy number: good night
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